IMF was our best hope, ANC NEC told

The IMF and World Bank Covid-19 facility is probably the cheapest that Treasury could get, the ANC national executive committee meeting heard at the weekend

In the absence of Finance Minister Tito Mboweni, his deputy David Masondo took the ANC’s highest decision-making body into its confidence on the Treasury’s ideas to raise the necessary funds to fight the pandemic.

During Public Enterprises Minister Pravin Gordhan’s presentation on SAA, the NEC emphasised that the planned new airline should remain a flag carrier like SAA Government’s stake in the new airline, which was intended include a private equity partner, had not been decided. The team would have to work with relevant stakeholders , such as the social development department, to ensure that the plan was implemented accordingly.

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